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Deepseek V3.2 vs Gpt 5.4 Mini — API Cost Comparison

Which is cheaper for your workload: Deepseek V3.2 or Gpt 5.4 Mini? Both are scored against the same three canonical workloads below using per-1M-token list pricing as of 2026-08-15. Deepseek V3.2 is cheaper in 3 of 3 workloads — but your own token mix decides, so open the calculator with your numbers.

Projected monthly cost by workload

WorkloadDeepseek V3.2Gpt 5.4 MiniCheaperTry it
Chat assistant
1.2K input / 400 output tokens per call, light prompt caching, 500 calls/day.
$8.86/mo$41.40/moDeepseek V3.2Open in calculator
Long-context RAG
100K input / 500 output tokens per call, heavy cache reads, 200 calls/day.
$211.02/mo$490.50/moDeepseek V3.2Open in calculator
Bulk classification
3K input / 20 output tokens per call, no caching, 100K calls/day.
$2445.00/mo$7020.00/moDeepseek V3.2Open in calculator

Per-1M-token list prices

ModelInput /1MOutput /1MCache read /1MCache write /1MContextSource
Deepseek V3.2
standard
$0.269$0.400$0.135163,840DeepSeek
Gpt 5.4 Mini
fast
$0.750$4.50$0.075272,000OpenAI

Cache rates of — mean the provider has not published that tier. Batch API discounts (typically 50%) and negotiated rates are not included — toggle Batch mode in the calculator for those.

Run this comparison with your own workload

Token mix, caching, and volume flip the ranking constantly. Enter your real numbers and compare Deepseek V3.2 vs Gpt 5.4 Mini side by side — free, no account, runs in your browser.

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